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WTI TECHS

(M1) Needle Still Points North

BRENT TECHS

(N1) Price Structure Remains Bullish

USDCAD TECHS

Bearish Focus

AUDUSD TECHS

Corrective Pullback

EURJPY TECHS

Needle Still Points North

USDJPY TECHS

Consolidating At Trendline Support

NZD

Friday saw NZD/USD sever support from Jan 11 low of $0.7147 and slide to a fresh weekly low. With little in the way local news/data flow at the start to this week, NZD/USD trades flattish at $0.7134.

  • A sell-off past the 50-DMA at $0.7072 would allow bears to take aim at $0.7084, the low print of Dec 28, 2020. Meanwhile, a recovery of Jan 13 & 14 highs at $0.7240 would encourage bulls to target Jan 6 cycle high of $0.7315.
  • Data highlights in New Zealand this week include card spending (Tuesday) as well as BusinessNZ M'fing PMI & CPI (Friday). Today's data dump due out of China will also provide interest.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com